CBN Survey: Business Confidence Rises Despite Tax, Insecurity Concerns

The Central Bank of Nigeria's August survey shows a sharp rise in business confidence alongside a more optimistic outlook for coming months, even as taxation and insecurity persist as leading concerns. The divergence suggests firms are responding to improved macroeconomic conditions or policy signals while still pricing in structural risks that could weigh on investment and operating costs. Persistent insecurity in particular carries implications for supply chains and agricultural and industrial output, which could offset confidence gains if unaddressed.